A petty cash fund was established with a $300 balance. It currently has cash of $78 and petty cash tickets totaling $222. Which of the following would be included in the entry to replenish the fund?

Question

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To replenish the petty cash fund, the company needs to record the expenses that have been paid out of the fund. This is done by debiting various expense accounts for the total amount of the petty cash tickets ($222), which represents the expenses incurred. The petty cash account itself is not directly debited or credited in the replenishment process; instead, the cash in the bank is credited to reflect the outflow of cash to replenish the fund.

A Petty Cash Fund Was Established with a $300 Balance